Sep 6, 2010 5:30pm PDT
the coming elections. the president will use these as ammunition, argue that he and the democrats in congress have real plans to fix the economy while all the republicans do is oppose them. >> so basically all he can do is go out there and grind it everyday, talk about the economy. and that's what house democrats, by the way. just talk about the economy. talk about our accomplishments. >> reporter: bottom line: talk is about all the president can do. none of the economic incentives he's proposing this week is likely to make it through congress by election day, so what he has to do and has to offer until then is the same thing he had to offer in the campaign of 2008, and that's hope. russ? >> mitchell: bill plante at the white house. thank you very much. jeff greenfield is our senior political correspondent. will these plans change the election day? >> highly dubious. i think it's baked in the cake and it's high unemployment, anemic growth, debt and that's not good news for the party in power. whatever the merits of the long- term investments, the idea of changing people's minds about what con
Sep 28, 2010 5:30pm PDT
afford it. get california working again-for all of us. >> couric: tonight, losing ground. the dramatic impact of the recession, americans making less than a decade ago, living in homes that have fallen in value. i'm katie couric. also tonight, can president obama recapture the magic? in 2008 he inspired the young to vote in droves. can he get them back to the polls in november? and faith and knowledge in this one nation under god, many americans know surprisingly little about religion. >> we're a nation of religious illiterates. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone. the recession may be officially over, but it has left the confidence of americans badly shaken. and numbers just out from the government today show why. since the recession began, household incomes have fallen nearly 3% to just over $50,000. adjusting for inflation, americans are making $4,000 less than they were a decade ago. and their biggest investment, their home, has lost nearly 6% of i
Sep 28, 2010 7:00pm EDT
of the income generated in the u.s. that's up from 49.7% in 2007. and the poorest 20% earn only 3% of the country's income. the great divide is a college degree. the unemployment rate for college graduates is less than 5%. for those with just a high school diploma, it's more than 10%. and according to another study, the median income for a college grad-- nearly $56,000-- is more than double that of workers who finished only high school. >> low-skill labor is really in trouble in this economy. the demand for their services is shrinking like crazy. the traditional ways that they moved into the middle-class-- manufacturing, construction-- are dead in the water. >> reporter: and that income gap may only grow wider even as the economy recovers because the top end usually recovers faster than the bottom. katie? >> couric: anthony mason, thank you, anthony. and jobs are the big issue in the midterm elections. election day, by the way, is five weeks away, but early voting is already under way in seven states. with control of congress at stake, president obama hit the campaign trail today.
Sep 30, 2010 7:00pm EDT
. >> reporter: back in carolina beach, they are using all of the pumps they have to dump the floodwaters into the best receptacle they can find-- the atlantic ocean. katie. >> couric: dean reynolds. dean, thanks very much. meanwhile, this was a sad day at rutgers university in new jersey. students warned a freshman who killed himself after a secret video of his sexual encounter with another young man of the post online. two classmates are facing charges. in the last months, at least four gay teens across the country have been driven to take their own lives. more from byron pitts. >> reporter: today on this rain-soaked thursday, the mood at rutgers, grim as the campus skyline. >> it's a sad situation. i'm sad that it happened. >> reporter: by all accounts, add clem, an 18-year-old fresh freshman was a gifted violinist, a good-natured soul who didn't have many college friends and kept to himself. last thursday, authorities say clementi committed suicide, jumped from the george washington bridge, after his roommate secretly streamed video of him kissing another man on the interentertain, al